Oswego Industries Inc
- Assets
- $3.8m
- Revenue
- $7.7m
- Investments
- $20.0k
- Employees
- 154
- Location
- Fulton, NY
- Founding
- 07/1978
- Data as of
- 12/2022
- EIN
- 16-2197163
Organization Overview
Oswego Industries Inc is located in Fulton, NY. The organization was established in 1978. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 12/2022, Oswego Industries Inc employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oswego Industries Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Oswego Industries Inc generated $7.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $7.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A VARIETY OF PROGRAMS AND SERVICES TO ADULTS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES, INCLUDING VOCATIONAL, COMMUNITY-BASED EMPLOYMENT SERVICES, DAY HABILITATION, AND SERVICE COORDINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY HABILITATION: AND OTHER WAIVER SERVICES: SUPERVISED INSTRUCTIONAL PROGRAM THAT ACCOMMODATES INDIVIDUALS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES.
OTHER SERVICES INCLUDING EMPLOYMENT RELATED AND THE FUN ROCK CAFE.
VOCATIONAL: SITE BASED SHELTERED WORKSHOP PROVIDING EMPLOYMENT SERVICES FOR INDIVIDUALS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES IN THE COMMUNITY.
JANITORIAL: PROVIDING EMPLOYMENT SERVICES FOR INDIVIDUALS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Egan President | OfficerTrustee | 1 | $0 |
Richard Rima Vice President | OfficerTrustee | 1 | $0 |
Julie Holland Treasurer | OfficerTrustee | 1 | $0 |
Heather Hudson Secretary | OfficerTrustee | 1 | $0 |
Michele Hourigan Director | Trustee | 1 | $0 |
Susan Feeney Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,953 |
| Related organizations | $0 |
| Government grants | $1,481,218 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,513,406 |
| Total Program Service Revenue | $5,894,889 |
| Investment income | $27,540 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,741,850 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $134,881 |
| Compensation of current officers, directors, key employees. | $134,881 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,099,386 |
| Pension plan accruals and contributions | $78,745 |
| Other employee benefits | $479,430 |
| Payroll taxes | $396,026 |
| Fees for services: Management | $73,446 |
| Fees for services: Legal | $1,388 |
| Fees for services: Accounting | $31,383 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,647 |
| Advertising and promotion | $0 |
| Office expenses | $33,140 |
| Information technology | $52,702 |
| Royalties | $0 |
| Occupancy | $234,294 |
| Travel | $17,029 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,517 |
| Interest | $13,021 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $192,059 |
| Insurance | $94,799 |
| All other expenses | $362,199 |
| Total functional expenses | $7,365,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,017 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $849,614 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $135,651 |
| Prepaid expenses and deferred charges | $22,015 |
| Net Land, buildings, and equipment | $1,337,900 |
| Investments—publicly traded securities | $886,647 |
| Investments—other securities | $20,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $185,865 |
| Total assets | $3,801,709 |
| Accounts payable and accrued expenses | $348,555 |
| Grants payable | $0 |
| Deferred revenue | $33,224 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $198,562 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,995 |
| Total liabilities | $611,336 |
| Net assets without donor restrictions | $3,190,373 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,801,709 |